Humberto Del Rio Of The Keyes Company Represents Buyer In $5.95M Airport West Industrial Sale
SOLD
$5,950,000
+ 1
Florida
See Similar DealsIndustrial22,352 SF
Sold 08/05/2022
SOLD
Humberto Del Rio Of The Keyes Company Represents Buyer In $5.95M Airport West Industrial Sale
8470 Northwest 61st Street
See Similar DealsIndustrial22,352 SF
Sold 08/05/2022
+ 1
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$266
Total Square Footage:22,352 SF
Transaction Type:Sale
The industrial property located at 8470 NW 61st St in Airport West was sold for $5,950,000. The property spans 22,352 square feet, resulting in a price per square foot of $266.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,950,000
- Address: 8470 NW 61st St
- Market: Airport West
Humberto del Rio from The Keyes Company represented the buyer in this transaction, while Mateo Coman, Devin White, and David Albert from CBRE's Miami Industrial Team served as the seller's representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$317,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,139.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,206.04
Annual Debt Service$338,472.43
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